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Jan 15, 2013
01/13
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, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut,
, it is hurting our economy as we speak. neil: well, we shouldn't be saying things that are not true, the president is not clear, and neither is mainstream media, u.s. government does not default because debt ceiling is not increased and soon, government does not stop taking taxes out of your check. even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top,...
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Jan 14, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. it's the musical melissa: can you ever have too many snakes? we told you about the first ever python challenge in the everglades. offering prizes to whoever snags the most snakes. as well as two bags the biggest. so for hundreds of people have shown up to get in on the action including fox news down there with a machete. look at that. you look very scary. and imposing. >> this is the recommended tool to take out. guns and machetes. after three d
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello?...
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Jan 18, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. ♪ gerri: republicans go for a short-term increase in the debt ceiling, but how can we tackle our long-term problems? grover norquist year in 60 seconds. ♪ ♪ gerri: retreating or regrouping? house republicans putting to a vote raising the debt ceiling for three months, but are they backing off of their demands for spending cuts in exchange for raising the debt limit? with more on this, grover norquist, president for americans for tax reform. great
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a...
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Jan 21, 2013
01/13
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, global economy starts to reaccelerate. keep in mind, in the united states the federal reserve's balance sheet has gone from 3 trillion to 4 trillion. there's roughly about 50 trillion dollars of global debt that's u.s. based. okay? what i mean by u.s. based, i mean dollar backed. so it's not as if we're moving the money supply up 20 or 30 percent. it's, though, something to keep an eye on. david: now, unemployment is 7.8%. precisely the level it was at four years ago. of course it's gone up and come down a bit. but are we looking for that to become the new normal? >> i don't believe in the new normal here. because if you have reacceleration of the u.s. economy over 3%, to 3 1/2%, then that whole term new normal -- david: we are nowhere near that. the difference between 2 percent and 3 percent is enormous in terms of what it means for the economy. >> it is. we are anticipating in the later half of 2013 you could start to see 2 1/2, 3 percent perhaps. and in 2014 -- david: when you think of all we've lost and how much we're
, global economy starts to reaccelerate. keep in mind, in the united states the federal reserve's balance sheet has gone from 3 trillion to 4 trillion. there's roughly about 50 trillion dollars of global debt that's u.s. based. okay? what i mean by u.s. based, i mean dollar backed. so it's not as if we're moving the money supply up 20 or 30 percent. it's, though, something to keep an eye on. david: now, unemployment is 7.8%. precisely the level it was at four years ago. of course it's gone up...
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Jan 19, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. neil: apple rotten to the core? that seems a bit extreme for a company that once could do no long wrong. now suddenly seems to do nothing right. the stock tumbled $200 a share from levels reached a few months ago when it seem to be the king all tech school. now a flash in the pan whose best days are behind it? is that fair, or overdone? liz macdonald, adam lashinsky. is apple no longer cool? does it come back to that? >> well it kind of is. i think issue when steve jobs died apple became visably vulnerable and samsung went after its image with a passion and hit. so the end result is this apple is not really being followed by any other vendors anymore. it is not standing alone anymore. the end result it is not as cool as
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. neil: apple rotten to the core? that seems a bit extreme for a company that once could do no long wrong. now suddenly seems to do nothing right. the stock...
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Jan 18, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. overmany discounts to thine customs! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. moreiscounts than we knoweth what to do with. now that's progressive
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a...
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Jan 16, 2013
01/13
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raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy pelosi saying the fiscal cliff was not enough on the revenue side. you hear, you know, many politicians chiming in. howard dean, for example, saying in december that the truth is everybody needs to pay more taxes. we're not going to get out of this deficit problem unless we raise taxes across the board. the rich can't solve the problem. i guess that is where i'm going with this is, it seems like, especially from what you're saying susan, everyone will have to pay more taxes to get out of this. >> i actually don't agree with that point. i don't agree with howard dean either. we're not lo
raising taxes grows the economy or -- >> no, it does not grow the economy. we have to be serious how much the president contributed to overall debt picture. $6 trillion since he came to office. nearly $20,000 per united states citizen has been added since president obama came into office. so just silly to argue he hasn't contributed. melissa: blame game gets us nowhere because everybody contributed to it. god it is a mess and we have to fix it. when you hear people like nancy pelosi...
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Jan 14, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> the most potent cancer causing agent in our food supply and who is the most at risk? children. john: this scare that's educated me. when 60 minutes ran the story i believe.. environmentalist said the chemical keeping apples fresh killed kids. so apple growers lost billions. mom sport out apple juice. there is no evidence that even with the chemical are good for you. today the water may be fine but you may need to worry about the bottle. john: it could have a chemical that activists day -- say could cause all sorts of problems psych hyperactivity. another damages kids livers and kidneys from school supplied -- supplies. julie gunlock as young children with the independent women's forum what did you find? >> 1,000 stud
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> the most potent cancer causing agent in our food supply and who is the most at risk? children. john: this scare that's educated me. when 60 minutes...
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Jan 16, 2013
01/13
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economy. european economy. are they going to continue this, and guidance, digging down a little bit deeper into the 2013 story will be really key what the stock price does tomorrow. david: sandy, you have a little bit to add here on ebay, go ahead. >> the fact they beat four straight quarters and here they are with results pretty much right in line with analyst estimates might be the disappointment factor that is weighing in on the shares right now. after this beat we are slightly lower in after-hours trading. paypal was obviously very strong. i do want to point out that the stock has been rallying in anticipation of these numbers coming out point out. first couple weeks of the year, the stock is up 5%. there has been a lot of optimism and a lot of buying into this report. maybe a bit of selling on the news here. liz: sandra, shibani, thank you very much. we're watching ebay as well as gun control as the story develops. peter barnes is very latest on the president's announcement and comments on the issue. we'll
economy. european economy. are they going to continue this, and guidance, digging down a little bit deeper into the 2013 story will be really key what the stock price does tomorrow. david: sandy, you have a little bit to add here on ebay, go ahead. >> the fact they beat four straight quarters and here they are with results pretty much right in line with analyst estimates might be the disappointment factor that is weighing in on the shares right now. after this beat we are slightly lower...
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Jan 15, 2013
01/13
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economy. all of this in then you have the energy boom in the whole shale thing helping in that industry and related industries. there are a lot of bright spots in the u.s. you know, the guys in washington do not mock it up, we have a good shot. melissa: we have breaking news right now. i want to point you to the shares of facebook. down $0.60. that is good for almost 2%. we have this meeting going on right now. it is a major reversal for the stock. we are trying to get more details out of this meeting. we will have rob enderle on at the end to talk about it. shibani: i am following a couple of live logs on the event. the three pillars of facebook. when he unveiled today is his 23 pillar which is being called graph search. it is a graphical search. it is not a web search. that is one of the reasons we are seeing a selloff of facebook shares. again, what the company has unveiled at this moment is a surge in addition facebook. we will bring you more headlines as they come out. melissa: it is inte
economy. all of this in then you have the energy boom in the whole shale thing helping in that industry and related industries. there are a lot of bright spots in the u.s. you know, the guys in washington do not mock it up, we have a good shot. melissa: we have breaking news right now. i want to point you to the shares of facebook. down $0.60. that is good for almost 2%. we have this meeting going on right now. it is a major reversal for the stock. we are trying to get more details out of this...
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Jan 14, 2013
01/13
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our economy, our financial expectations, and especially our politics have been affected. how do you pay the bills in a single parent family? how do you accumulate wealth? why not ask for help from the government? food stamps, medicaid or cash welfare. why not? why not elect politicians who give you the goodies. that's what we've done. like it or not, the decline in the traditional family affects the vote and it has. and it certainly affects the living standard. and the financial expectations of tens of millions of people. single parenthood is a passport to poverty. it is very difficult to climb up the ladder when you are on your own with children. putting money aside, saving for the future, obviously very tough. so the morality shift takes its toll on the american dream. it creates a large group, almost a majority who struggle and who lose hope of getting out of the hole that they've dug. i don't have a solution. but i do know this, there is a limit to how long this or any government can step in and help. that help may be making the problem worse. she keeps you guessing.
our economy, our financial expectations, and especially our politics have been affected. how do you pay the bills in a single parent family? how do you accumulate wealth? why not ask for help from the government? food stamps, medicaid or cash welfare. why not? why not elect politicians who give you the goodies. that's what we've done. like it or not, the decline in the traditional family affects the vote and it has. and it certainly affects the living standard. and the financial expectations of...
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Jan 18, 2013
01/13
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the economy revving up in the fourth quarter. phil flynn of price futures group is in the trading pits of the cme for us. >> the most exciting thing that i heard today was that api report. yes, the man did that to the lowest level in over 16 years. production, the highest level since before the civil war, consider that. up 16%. that is an incredible number. it is really changing the global energy market. there will still be some risk factors going into the weekend. we are a little bit concerned. right now, prices are staying pretty steady. there are a lot of market ahead of this three-day holiday weekend. melissa: i am surprised that that kind of data does not have an impact on price. >> partly, it is because of the economics. the dollar viewpoint. demand growth in the future. the other issue is that what we will see is the global marketplace, as well, starting to get out into the global marketplace. it will drive up the cost of wti. really, you have to look at this bread. you know, we will see falling prices in europe. lower pro
the economy revving up in the fourth quarter. phil flynn of price futures group is in the trading pits of the cme for us. >> the most exciting thing that i heard today was that api report. yes, the man did that to the lowest level in over 16 years. production, the highest level since before the civil war, consider that. up 16%. that is an incredible number. it is really changing the global energy market. there will still be some risk factors going into the weekend. we are a little bit...
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Jan 20, 2013
01/13
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they say it's keeping the economy down but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times, george bush raised it 7 times, bill clinton raised it 8 times. so, you know, both sides do it so it must be okay, and from the perspective of fair and balanced, it has to stop no matter who is president. we go through the same cycle, we raise the debt limit, spend more,en go out and borrow more, and raise the debt limit again and it looks like it's unstoppable, but this is the check and balance of how t govern our society. we can't afford the bills we have now to pay. someone has to say, no, spend what you have and let's move on. >> brenda: you know, it doesn't really mean anything. why not get rid of it. it
they say it's keeping the economy down but won't getting rid of it just push the economy down even more? hi, everyone, i'm brenda buttner, this is bulls and bears and let's get right to it. the bulls and bears this week, gary b smith, jonas max ferris and along with todd schoenburger. >> gary get rid of the debt ceiling best or worst thing for the economy? >> it's absolutely the worst thing, brenda. the left likes to say, well, you know, ronald reagan raised the debt limit 18 times,...
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Jan 13, 2013
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. >> what makes this scary, we're destimulating the economy as these programs-- >> i know, how do you get out of that. >> you've got to get the right people in government. and anybody who thinks that raising taxes on anybody making $400,000 a year is going to do anything for the deficit and-- >> i'll disagree with you, too, here. >> and you think it's stimulative to raise taxes right now. >> no, we're having a housing recovery. we're having an auto recovery, and-- >> one side going on-- >> adam. when you go from 1 to 2 that's a big increase. >> charlie, with a due respect, there is no data, reputable study showing that raising taxes on rich people. >> 1980, 1980. >> from '82 to '88. and -- from '82 to '88, every year, mr. reagan raised taxes, and after that-- >> a tax cut which took that rate dramatically. >> all right, guys, guys, guys, calm down. this is cable here, okay? dagen, do you get a sense that just this conversation illustrates that it's goingo be next to impossible to cobble together a deal that remotely addresses this problem? >> yes. >> neil: so then what happens, is it
. >> what makes this scary, we're destimulating the economy as these programs-- >> i know, how do you get out of that. >> you've got to get the right people in government. and anybody who thinks that raising taxes on anybody making $400,000 a year is going to do anything for the deficit and-- >> i'll disagree with you, too, here. >> and you think it's stimulative to raise taxes right now. >> no, we're having a housing recovery. we're having an auto recovery,...
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Jan 21, 2013
01/13
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to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay for obamacare. a little bit surprising. republican arizona governor says that the tax increase interstate is the answer. the governor proposing a new hospital provided tax, and this is on topple all the taxes we were just three weeks ago. a number of experts and even some hospitals are on board with the governor's new tax hike. with me now is one of them. from the university of arizona public health policy and management professor. welcome to the show. do you think this is a good idea? >> good evening. i think that for arizona this is a very novel and innovative approach
to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay...
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Jan 16, 2013
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lou: let's take a quick look at what is happening to the markets and the economy. fitch is warning of a possible u.s. downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching another five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department reported retail sales rose a half precent in december, november sales also revised higher. apple is "the biggest loser" in the s&p 500 today, down more than 3% again. it's on yesterday's losses also reports of weak demand and apple shares closing today just under $486. apple stock with $702 is back on the 19th of september. crude oil down 86, just over $93 per barrel. gold of working for $5. going above $1683. the 10 year treasury down 1.3% in feel. margins beginning on a positive note this year. the s&p all 3% higher year-to-date. the economy showing signs of surprising strength and stab
lou: let's take a quick look at what is happening to the markets and the economy. fitch is warning of a possible u.s. downgrade the debt ceiling talks drag on. citigroup had will join us here in just moments. retail stocks rolling up better than expected holiday sales season. the dow jones industrials up 27 points on the day. the s&p managed a point gain but still reaching another five-year high. the nasdaq is down six, that is only slightly from yesterday. the commerce department reported...
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Jan 14, 2013
01/13
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it will damage our economy. the government is a big part of this economy. it is interesting, a lot of times you people who recognize that when it comes to defense spending. when it comes to that defense contract in their district, they think, wow, this is a pretty important part. let's just take sure we are not spending on those other folks. [inaudible question] >> you know, look, my hope is that common sense prevails. that is always my preference. i think that would be the preference of the american people and i think it would be good for the economy, let me just repeat, if the issue is deficit reduction, getting our deficits sustainable over ttme getting our debt in a sustainable place, then democrats and republicans will have a partner with me. we can achieve that and we can achieve it fairly quickly, we know what the numbers are and we know what needs to be done. we know what a balanced approach would take. there has probably been more pain and drama and getting there than we needed. finishing the job should not be that difficult. if everyone comes to t
it will damage our economy. the government is a big part of this economy. it is interesting, a lot of times you people who recognize that when it comes to defense spending. when it comes to that defense contract in their district, they think, wow, this is a pretty important part. let's just take sure we are not spending on those other folks. [inaudible question] >> you know, look, my hope is that common sense prevails. that is always my preference. i think that would be the preference of...
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Jan 18, 2013
01/13
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but what is interesting about dirk kempthorne, he was known for being conservative with the economy. and economic issues. neil: was is an thoorgmen anotht too he had gone way under budget with his expenses in office and after office, i don't know if this is a case, this is jump change -- chump change in comparison. >> but this is taxpayer dollars. neil: that is what galls me, go after dennis kozlowski if you will on what he spent. that is the crux of his debate. but, this is taxpayer money. >> well, dennis kozlowski paid back everyone in million dollars everyone in million in finds, and -- 97 million in finds. he was convicted and -- >> who would rubber-stamp this. >> general services, which is landing record. of the u.s. government. was nobody looking, they claim there was water damage, but gale norton, kempthorne's predecessor, you know i know a plumber named tommy who can to this, for a lot less. neil: this is why we have a spending problem. this is part of it. >> taxpayers, alliance president said that the country is broke, this is unacceptable. this is up in with military buying
but what is interesting about dirk kempthorne, he was known for being conservative with the economy. and economic issues. neil: was is an thoorgmen anotht too he had gone way under budget with his expenses in office and after office, i don't know if this is a case, this is jump change -- chump change in comparison. >> but this is taxpayer dollars. neil: that is what galls me, go after dennis kozlowski if you will on what he spent. that is the crux of his debate. but, this is taxpayer...
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Jan 14, 2013
01/13
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economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as equities, but you're still getting paid to take that risk to be in there. global bonds is a win-win-win. you get paid on yield. you get paid on -- for diversification. you get paid on currency risk. so that's a good place to be. and i'm not saying we're in armageddon on the equities side i do like mid caps, but what i think you need to be is make sure just trim back a little bit on equities, and i don't think it's the end of the world. but good economy part is the consumer. we like the consumer because the fed with the quantitative easing is bolstering the consumer through housing, and that's why i think for the consumers, for main street, it's going to feel good
economy which is still the biggest economy in the world, if you've got a weak economy, unfortunately, i know you are saying good economy, but some are saying we are going to have a weak economy in 2013, if that's the case, do i want to be high yield? does that make sense to you? >> yeah, it does because high yield you get paid a lot of different ways. high income, risk adjusted return. last year up over 15%. almost as much as equities, but you're still getting paid to take that risk to be...
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Jan 17, 2013
01/13
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about the fact that our economy is simply not growing? >> well, i haven't talked to the other republican governors, i think we all arrived at this independently. if there's a message i would send to the nation's capital, washington d.c., it's what i call a novel financial concept that we use in nebraska, they've never heard of there. we don't spend money we don't have and keeps us out of trouble every single day and they need to learn how to do it with their budget like we do with our family and business budget. >> that's true. >> you like that one. charles: that's novel. >> it is novel. >> the governor is putting out a picture in washington d.c. not spending money we don't have. nothing has more fiction than the tax code. my question, what's the reaction to the move here. >> the reaction in our state has been positive so far. the devil is in the details and i told nebraskaens we need a state-wi state-wide, they're not bashful sharing opinions with me. unlike the federal government we'll sit around the table and find a common sense soluti
about the fact that our economy is simply not growing? >> well, i haven't talked to the other republican governors, i think we all arrived at this independently. if there's a message i would send to the nation's capital, washington d.c., it's what i call a novel financial concept that we use in nebraska, they've never heard of there. we don't spend money we don't have and keeps us out of trouble every single day and they need to learn how to do it with their budget like we do with our...
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Jan 21, 2013
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economy which means a lot to u.s. companies, but at the same time, the peso, if there is more pressure on that currency, what does that mean for us, do you think? >> so the peso has been pretty interesting because their central bank last week did a little bit of a 180 because they were expecting that they were going to be raising interest rates sometime here in 2013. and they kind of just pulled the rug out underneath it saying, you know, there's the potential that we might actually start to, you know, maybe reduce interest rates. [talking over each other] >> it was definitely something that caught participants by surprise, testing some previous 2012 lows there in terms of dollar mexico. it will be interesting to see if that trend continues. but mexico i think is a currency that we still want to be going into going forward. cheryl: one of the things we look on a daily basis during the market hours is what the euro is doing versus the dollar. always surprised me that the euro never went below like a $1.22 or so against
economy which means a lot to u.s. companies, but at the same time, the peso, if there is more pressure on that currency, what does that mean for us, do you think? >> so the peso has been pretty interesting because their central bank last week did a little bit of a 180 because they were expecting that they were going to be raising interest rates sometime here in 2013. and they kind of just pulled the rug out underneath it saying, you know, there's the potential that we might actually start...
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Jan 19, 2013
01/13
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believe it or not the flu costs our economy $87 billion. i don't know about you but regardless of all the medicine and remedies and germ sanitizers available it still seems like everyone i know is either out with the flu or they're panicked about getting it. makes me wonder if we need to take a step back, take a deep breath and ask of all the money we're spending is just going down the drain? with me is dr. sreedhar potarazu. head of vital spring technologies. dr. p, welcome back to the show. >> thank you for having me back. melissa: stop the purell madness. i'm surrounded by it here on the set because we have it all over the building. everyone is sick. everyone is panicked. you hear my voice. everyone we're all sick but we're purelling ourselves to death. is it not working? >> well, do you have a bottle on your desk right now? melissa: it is funny that you should say that because, yes i do. i have one in my purse. and -- >> turn the bottle around and tell me what the percentage of alcohol is in that? >> 70%. >> that one is okay but a lot o
believe it or not the flu costs our economy $87 billion. i don't know about you but regardless of all the medicine and remedies and germ sanitizers available it still seems like everyone i know is either out with the flu or they're panicked about getting it. makes me wonder if we need to take a step back, take a deep breath and ask of all the money we're spending is just going down the drain? with me is dr. sreedhar potarazu. head of vital spring technologies. dr. p, welcome back to the show....
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Jan 15, 2013
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if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure markets that washington is going to do more to stabilize the budget. maybe that -- gerri: it makes into the pipe. they did it -- did not to say there are going to downgraded if we did not like the debt ceiling prices go away. they also said the current outlook is likely to be resolved even if another debt ceiling crisis is averted. they want to see spending cut. now, do you think that the markets would go to town if there was some big deal on spending? >> i think if substantial progress was made at kirby expenditures over time so that this threat of a data rate could be
if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychological shock that will temporarily send share prices sharply lower, but provided that policymakers in washington could reassure...
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Jan 16, 2013
01/13
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if thing so peach we this economy, -- peachy with this economy, why are millions of americans bursting their piggy banks just to get by? neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they started this, they were replacing a pension with a 401(k). and they assumed two things, first money would go in and stay there and second it would be run properly, neither one happened. it has na not been run properly, people have been taking the money out, estimates vary 80% of what supposed to be there. in problem is that people who are most likely to take it out are those at lower income level who will need the money when they retire more. neil: and they pay penalties and early withdrawel. the only argument for it, is what is worse, i'm borrowing for myself, and paying myself back? >> you can't pay you
if thing so peach we this economy, -- peachy with this economy, why are millions of americans bursting their piggy banks just to get by? neil: 401(k) not okay, people are so tapped out, one in four are tapping in just to meet their basic expenses, that is up just in last 4 years. you know don, you were warning about this. even in go-go period. to tap what are supposed to be the funds for retirement. like a cash register. now, understand abily more so. why do our about it? >> when they...
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Jan 15, 2013
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you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at, again, south africa, right now, the mining situation is getting worse and worse, and -- liz: labor issues? >> the strikes, strikes, labor issues, and a threat that some of the major companies are shutting down the mines until they resolve this. we'll have a shortage in these areas, and, also, seeing platinum taking a bit of a piggy back ride up. it's at the 1680s mirroring where gold is now. silver is joining along for the ride. we're seeing a lot happening with the precious metals. liz: platinum is higher than gold for the first time in ten months. do you care? is that significant? it's 1682 against 1680, t
you know, the economy, you know, two steps forward, one step back, and corporate america can't carry the water. it will be difficult for the market, and priced pretty much to perfection at the current level with popular averages, not leaving room for disappointment. liz: hate one step forward, two back -- >> no, the other way. liz: either way, not moving fast. is that at a decent clip? >> actually, that's something we talked about last week on the show, and what we're looking at,...
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Jan 18, 2013
01/13
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the fed was unprepared with what happened to the broader economy. they were really behind the market playing catch up the entire time. that is what raises a lot of concerns about this very loose monetary policy. if the fed going to withdraw this stimulus in a popular fashion that we can avoid inflation. their track record is pretty dubious. cheryl: there are so many issues facing us, that is why it is alarming some of the comments especially from the bernanke. they're telling us they will keep interest rates low, but do we buy that at this point? one of the things that is really doing is helping the housing market. you're right, inflation comes in, and then what rush mark >> i don't think the we will have inflation immediately. the problem is when it comes, could come fast and once again the fed is playing catch-up with that. i don't think there's any risk of that happening in 2013 from the housing market, housing is improving and the fact mortgage rates have been so low i expect they will remain low in 2013, i think the 30-year fixed won't be an im
the fed was unprepared with what happened to the broader economy. they were really behind the market playing catch up the entire time. that is what raises a lot of concerns about this very loose monetary policy. if the fed going to withdraw this stimulus in a popular fashion that we can avoid inflation. their track record is pretty dubious. cheryl: there are so many issues facing us, that is why it is alarming some of the comments especially from the bernanke. they're telling us they will keep...
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Jan 17, 2013
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the two things that came out today were that to drags on the economy, housing and employment. they are getting better and consistently better. the confidence will be there. here is the big fear. we have a climate of worry. we are at a plateau because the next is what is going on in washington d.c. that scares me more than anything have seen in this market in years. liz: i no d.c. is an issue. it is something we cannot control, sadly enough, but we can serve to control whether we are jumping into this market. people are still sitting on the sidelines holding their worries, missing rallies like this. >> that only cause more confusion because we are not really breaking out on explosive volume, which is also another concern. with the breakup like this you want to see volume ramp up, which would indicate to you that people really have a change of mindset. at 400 million shares, you are not really breaking out yet. some people -- liz: composite track. that would be the highest. let me get to the energy complex. everything is higher right now, jonathan. is this all the very tense and
the two things that came out today were that to drags on the economy, housing and employment. they are getting better and consistently better. the confidence will be there. here is the big fear. we have a climate of worry. we are at a plateau because the next is what is going on in washington d.c. that scares me more than anything have seen in this market in years. liz: i no d.c. is an issue. it is something we cannot control, sadly enough, but we can serve to control whether we are jumping...
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Jan 15, 2013
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two indicators that say a lot about our economy. first off, a lot of people tapping into their 401(k)'s before retirement. billions of dollars being taken out to pay current bills. another one coming at the top of the hour, a number of working poor people growing. millions of families , but they're working at the same time. and that story new at 10 precisely. time is money, 30 seconds, here is what else we've got for you tuesday morning. president obama readying 19 on gun control. the judge will tell us about it. and lance armstrong finally admitting to doping, now he's come clean, is there any way his image can be rehabilitated. i say no way. and thanks to obamacare, the cost of your health insurance could go up as much as 50%. find out why you will be paying a whole lot more t all right, seven earlies, here we go on a tuesday morning. the circuit manufacturer, multi-fine line, less money coming in, the stock is down. retailer, goredman's never heard of them, but gordman's lowered its outlook. and radioshack ended its unprofitable
two indicators that say a lot about our economy. first off, a lot of people tapping into their 401(k)'s before retirement. billions of dollars being taken out to pay current bills. another one coming at the top of the hour, a number of working poor people growing. millions of families , but they're working at the same time. and that story new at 10 precisely. time is money, 30 seconds, here is what else we've got for you tuesday morning. president obama readying 19 on gun control. the judge...
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Jan 21, 2013
01/13
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no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa: was there mom on morning television? who will she reform. the camera on her during the game. dad. both football players before the begin coaches. we have been down this road before. i'm getting excited about this. the buccaneers fan by marriage can be very tough. all right. coming up tonight, the jobs council has not had an official meeting in one year. set to retire at the end of the month. our power panel will discuss. tonight at 5:00 p.m. eastern right here on fox business. don't miss it. melissa: there are several ahead in our programming. live programming
no really good news and our economy. there is a huge opportunity. the saudi arabia of energy by 2020 if we are allowed to get to it. lori: thank you. melissa: all right. sports. superable 47 is now the battle of the bros. twenty-eight to 13 capturing the afc crown and a chance to play his brother. san francisco forty-niners and the big game. 28-24 yesterday. played one week from sunday in new orleans. kick up its 6:30 p.m. eastern time. i don't expect immediate to blow up this battle. melissa:...
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Jan 16, 2013
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the dividend will account for a larger share of the stock's total economy. liz: so the stock actually went up in price? >> i think we are headed back towards the 50s. it is an important trend and i think we are trending towards 50% there. liz: it's like we've been slammed in hammer. it's now a $4.36 price here. we like maggie, she's a smart leader, but you can't -- you talk about the dividends? >> it's important to look at the company. in total it has to have appreciation potential. liz: why canada? >> they surpass the u.s. on the economic freedom index. they are ahead of us now. liz: what are the metrics for the economic freedom? >> is a whole monetary fiscal policy. liz: is a great for businesses? >> it is. they ought to be the fiscal model of the g7. if you look at corporate taxes, they are all trending in the right direction from a public standpoint. the country has a lot of natural resources. liz: but you don't want to become like australia. >> in terms of being a natural resource country, they do have a lot of natural resources companies, but they have
the dividend will account for a larger share of the stock's total economy. liz: so the stock actually went up in price? >> i think we are headed back towards the 50s. it is an important trend and i think we are trending towards 50% there. liz: it's like we've been slammed in hammer. it's now a $4.36 price here. we like maggie, she's a smart leader, but you can't -- you talk about the dividends? >> it's important to look at the company. in total it has to have appreciation potential....
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Jan 19, 2013
01/13
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the white house folks is saying that is the economy, stupid. it is percolating again. you say no? >> no. i think joe alluded to it. he touched upon it just now. many economists are talking about the fact that the worry is coming from corporations, both big and small businesses, not hiring, neil. that is because they can't trust this president to be an honest negotiator. so, we, you know the speaker of the house, and the minority leader, mitch mcconnell, gave the president what i call tax blood. he said, okay, we're going to give in. we'll let you raise taxes on the rich. which only will reyour trillion dollar deficit spending each year 5%, folks. so they gave them that. what does he come back with? we want more. i want more tax hikes which aren't going to do anything to calm the debt and the spending. he is not willing, and so i think back to what joe said. i think marco said this too. small business owners and large corporations can't trust the president. that's why they're sitting on top of all this cash and not hiring. that doesn't bode well. neil: marco, quickly you see nothin
the white house folks is saying that is the economy, stupid. it is percolating again. you say no? >> no. i think joe alluded to it. he touched upon it just now. many economists are talking about the fact that the worry is coming from corporations, both big and small businesses, not hiring, neil. that is because they can't trust this president to be an honest negotiator. so, we, you know the speaker of the house, and the minority leader, mitch mcconnell, gave the president what i call tax...
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Jan 18, 2013
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we have to detach the stock market chart from america's economy, the domestic economy. the world, the entire planet has never been this prosperous in the history of mankind, never. the entire world. i am not talking about the great empires that forced themselves into welfare state and can't get out of their own weight. i am talking beyond china, resurgent japan, 5% unemployment in russia, indonesia, turkey, mexico, panama city, google panama city when you get a chance. if you'd think this with the first world country, she level via first world country and so will brazil. drivers in brazil and argentina, that is what the stock market represents. we are lucky to have american companies that can take advantage of that and i pray and hope the government doesn't stop that even though they have hinted at it. stuart: usually so negative about politics, the election, the direction of the economy, america is jazzing -- getting just like you're in a decrease of the dow jones average is close to an all-time high. charles: people should not be fooled by that. caterpillar gets 70% o
we have to detach the stock market chart from america's economy, the domestic economy. the world, the entire planet has never been this prosperous in the history of mankind, never. the entire world. i am not talking about the great empires that forced themselves into welfare state and can't get out of their own weight. i am talking beyond china, resurgent japan, 5% unemployment in russia, indonesia, turkey, mexico, panama city, google panama city when you get a chance. if you'd think this with...
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Jan 14, 2013
01/13
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are the developing economies engines of growth? here with the outlook is daniel gamba, head of black rock's ishare's institutional business. a big year last year. is it going to keep up? >> a great year for etfs and emerging markets. emerging markets grew about 50% year over year, and it was five times the close the year prior, and it happened both on equities and on debt, and we expect that this year will continue to be that. a lot of the growth came in the fourth quarter, and these actually continues towards now. tracy: if i'm not in emerging markets, it's not too late to get in? >> it's not too late to get in. evaluations still low in the markets. we also believe the growth of the emerging market is 5% to 5.5% gdp growth to a developed world which is 2% in the u.s., 1% in europe, and so relatively speaking we expect growth to continue to go that way. tracy: i know one of your favorites is brazil. low evaluations, cheap basically; right? but really reliant on china. does that worry you? >> so we believe that china actually is com
are the developing economies engines of growth? here with the outlook is daniel gamba, head of black rock's ishare's institutional business. a big year last year. is it going to keep up? >> a great year for etfs and emerging markets. emerging markets grew about 50% year over year, and it was five times the close the year prior, and it happened both on equities and on debt, and we expect that this year will continue to be that. a lot of the growth came in the fourth quarter, and these...
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Jan 13, 2013
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now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost days, $7 billion in lost compensation, and the cdc is projecting that just the direct medical costs alone from this flu epidemic could cost over $10 billion. neil: all right, you're talking about the center or for disease control. but i want to know, why is it so bad, doctor? why is it as bad as it is? are these shots not working? is it a different strain of flu that's grown? >> yeah, couple of things. this particular flu strain, h3n2, is associated with more complications than previous strains of the flu. sometimes people who initially have flu symptoms and then actually get worse a couple of days later may have a superimposed bacterial fection. the second reason is that even though there is, you know, relative availability of the flu sho
now the flu is threatening to make an already-sick economy even weaker. we've got business owner, toma here on the medical and financial hit respectively. doctor, to you first. how bad does this get? >> this bug is going to cost big bucks. the last time wead a flu epidemic like this it cost us about $100 million in lost days, $7 billion in lost compensation, and the cdc is projecting that just the direct medical costs alone from this flu epidemic could cost over $10 billion. neil: all...
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Jan 16, 2013
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is still a better economy than so many of the economies around the world. and so we benefit from that. we remain the a safe haven at the moment, until we aren't anymore. the question is, when will that happen. the second point is, markets have many immediate threats to be worried about. recently we had, are we going over the fiscal cliff or are we not. now the question whether the sequester will hit, which would be too much deficit reduction in too many parts of the budget too quickly. will we have a government shutdown because funding will end? and the debt ceiling there are a lot of action-forcing moments markets are worried about. the bigger issue is our deficits and debt. the fact that is more like thing from in the boiling water. it gradually undermines your economy's ability to perform, it hurts economic growth and takes away the stability that allows us to generate growth through investment, job creation, all the things we need to get the economy going. markets will not like to respond to that on any one day. it will hinder our economic performance.
is still a better economy than so many of the economies around the world. and so we benefit from that. we remain the a safe haven at the moment, until we aren't anymore. the question is, when will that happen. the second point is, markets have many immediate threats to be worried about. recently we had, are we going over the fiscal cliff or are we not. now the question whether the sequester will hit, which would be too much deficit reduction in too many parts of the budget too quickly. will we...
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Jan 21, 2013
01/13
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if the economy is improving, the president will take a measure of credit for that. he has shown some willingness, at least, in some areas to compromise. the problem is much of the same themes you are still hearing from both parties. no one will give up their principles going into this. they can continue pushing from their side. they will not give up their principles. you are hearing the same from the white house. this speech almost seems like a response to the words spoken years ago with ronald reagan. in this speech, it was very much a defensive government. when we are together, we act effectively. we need the government to act effectively and take us out of the problems that we have been having. neil: thank you very much. one of the consequential acts of a new president, this president will be, among others, cementing his request to ask at least two senators to join his cabinet. john kerry, secretary of state and, of course, the former senator chuck hagel to make his way over to the defense. what can we expect in the next 100 days of this second term? much is made
if the economy is improving, the president will take a measure of credit for that. he has shown some willingness, at least, in some areas to compromise. the problem is much of the same themes you are still hearing from both parties. no one will give up their principles going into this. they can continue pushing from their side. they will not give up their principles. you are hearing the same from the white house. this speech almost seems like a response to the words spoken years ago with ronald...
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Jan 16, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they can open bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most... [beeping...] helping stop crooks before your identity is attacked. and now you can have the most comprehensive identity theft protection available today... lifelock ultimate. so for protection you just can't get anywhere else, get lifelock ultimate. >> i didn't know how serious identity
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >> announcer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you...
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Jan 15, 2013
01/13
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economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal way. >> wants to build cars, not make policy. there you go. it's a good one. i owned ford explorers for 20 straight years. this is a real competitor to that vehicle. dennis: jeff flock, good job. thanks, den. cheryl: time for the west coast minute, a double digit return for the public employees pension system. it had a 2% return back in 2012. the nation's largest pension has investments worth $252 billion, almost back to its peak level of 2007 when the fund held $260 billion in assets. the fund's performance was just below its
economy is on good footing. any messages for washington as we approach another debt ceiling increase potentially, dan akerson of gm said don't screw up the economy holding it hose -- hose hostage, do you share that? >> uncertainty has to be removed as quickly as possible. it is not a good environment for consumer confidence to be built, so we're looking for resolution on debt ceiling, resolution on spending plans so that consumers can focus on really going about their business in a normal...